As an attorney for more than 35 years, I have seen many solo practices come and go. Many young attorneys believe that the easiest way to begin a practice is to start their own. However, after several years, they often experience a series of headaches regarding billing, marketing, soliciting new business, dealing with IT problems, going to court, hiring support staff and more. There is less and less time to be a lawyer, and certainly an inadequate amount of time to solicit new business and grow one’s practice.
Many of those problems can be mitigated or eliminated at a midsize or large law firm. However, one problem encountered by young attorneys joining large law firms is that they must get in line. In other words, compensation at today’s mega law firms is often based upon seniority and the historical cultural politics of the firm.
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